The National Basketball Association (NBA) and Dapper Labs have joined hands to launch NBA Top Shot. According to the league, NBA Top Shot is a home for blockchain-based collectibles. Through this launch, the partners aim to allow fans to buy, trade, and own distinctive video clips that capture in-game moments from the NBA season. These include Kevin Durant’s 3-point shoot and Joel Embiid’s dunk among others. The fans can also use the digital collectibles for on-chain games and tournaments.
Explaining the concept of the project, Roham Gharegozlou, the CEO of Dapper Labs said,
Through NBA Top Shot basketball fans can engage with their favorite players, teams, and each other in entirely new ways. We use the latest in blockchain technology to create assets and experiences that are guaranteed limited edition and authentic, not to mention portable and permanent in a way nothing digital has ever been before.
NBA Top Shot is similar to NBA’s NBA 2K product. This is because it would allow players to built rosters. On top of this, players will be able to purchase specific moves from the previous season.
A Gateway for Mass Adoption
NBA Top Shot is Dapper Labs most recent project. It comes two years after the launch of Cryptokitties and just months after the pre-sale of cheese wizardz. Through these games, Dapper Labs has become one of the biggest names in the digital collectibles space. For instance, Cryptokitties’ trading activity surged significantly and clogged the entire Ethereum network.
This partnership with the NBA will expose Dapper Labs to the league’s massive audience. As a result, the company will have a good shot of bringing the blockchain and token economy to millions of individuals at a go. According to a report, NBA games attract millions of viewers with the highest viewing audience peaking at 44.5 million in
Although NBA TV viewership has dipped slightly since its all-time high, the league has compensated for this loss through social media. Reportedly, NBA players come second after soccer players when it comes to ranking the most famous athletes in the world.
The NBA is a Perfect Fit for Blockchain Adoption
Compared to other sports, NBA fans are more loyal, younger, and more tech-savvy. As a result, integrating the blockchain in this sector would see the nascent industry attain mass adoption within a short time.
Josh Goodstadt, the executive VP of licensing for THINK450, the commercial arm of the National Basketball Players Association (NBPA) noted,
NBA Top Shot is an entirely new way for fans to connect with their favorite athletes. We believe blockchain technology creates a truly unique product that fans can collect, manage and engage within a fun environment.
Do you think the NBA’s partnership with Dapper Labs will have a positive impact on the prices of cryptocurrencies? Let us know in the comments below.
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